Rio Reimagined Foundation
Nonprofit profile at a glance
- EIN
- 993071373
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Phoenix, AZ, USA
- Phone
- 6022525667
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Limited
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $320,597
- Expenses
- $0
- Assets
- $320,597
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- NEIL GIULIANO (President & CEO)
Highest reported compensation
- NEIL GIULIANO (President & CEO): $594,508 total reported compensation
- CHELSEA CARPENTER (Treasurer): $172,109 total reported compensation
- MAX HARTGRAVES (Director): $76,622 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide community engagement, support cities and tribal communities, and foster good will for the rio reimagined project that includes the goals of restoring ecosystem functions, balancing revitalization with issues of urban resilience and public safety, maximizing multi-benefit watershed goals through water conservation and stewardship, and fostering climate adaptation and urban resilience.
What it reported doing in 2024
This is the foundation's initial year. No expenses were incurred.
Operating model
- Revenue model
- Affiliate-supported. 100% of the money available for current operations came from contributions from related organizations.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 65
- Accountability: 77
- Sustainability: 9
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed
- Governance: 3 of 3 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $595K · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 10 of 10 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.